Audio And Video Equipment Manufacturing Global Market Forecast To 2022

Asia Pacific was the largest region in the global audio and video equipment manufacturing market, accounting for 30% of the market in 2018. North America was the second largest region accounting for 27% of the global audio and video equipment manufacturing market. Africa was the smallest region in the global audio and video equipment manufacturing market.

The demand for wireless audio equipment market is increasing rapidly due to increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using their mobile devices, tablets and laptops to wirelessly play audio on speakers, which is driving the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also launching wireless audio products or platforms. Some of the popular Wi-Fi audio equipment include Sonos Wi-Fi speakers, Bose’s SoundTouch system, Amazon’s Echo speakers.

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